Everton are stunned by a TEN-POINT deduction for breaking Premier League financial rules, which plunges them down to second-bottom of the table, as Blues plot an immediate appeal

Everton have been deducted 10 points for breaching Premier League profit and sustainability rules, which plunges the Toffees into 19th in the table. The punishment brightens the spotlight on both Manchester City and Chelsea and a former advisor to City tweeted that the precedent set by Everton's penalty could later result in relegation for both Premier League heavyweights. Everton have suffered the hammer blow of a 10-point deduction for breaching financial rules Manager Sean Dyche has had the verdict looming over him and the players for some time A Premier League statement this afternoon read: ‘An independent Commission has imposed an immediate deduction of 10 points on Everton FC for a breach of the Premier League’s Profitability and Sustainability Rules. Stefan Borson tweeted that Man City - and potentially Chelsea - could face heavy sanctions, including relegation from the Premier League following the Everton points deduction precedent Borson added that Chelsea may have to reappraise their transfer strategy with regards to Premier League Profitability and Sustainability rules after the Everton verdict The Toffees, currently owned by Farhad Moshiri, are selling the club to Josh Wander who is leading the 777 takeover, which still needs to be approved Portsmouth were the last Premier League team to be docked points when they entered administration in 2010 and were given a 10-point penalty, ultimately relegating them. 777 have contingency plans in light of Everton's points deduction and co-founder Steven Pasko Manchester City face 115 alleged breaches of the Premier League's financial rules ‘The Club believes that the Commission has imposed a wholly disproportionate and unjust sporting sanction.